Two self-storage facilities in Mississippi sold earlier this month. Lock Up Self Storage in Kiln, Miss., sold Sept. 14 to an out-of-state investor for $337,500. The facility consists of 31,660 rentable square feet with a total of 344 regular and climate-controlled units.
B&G Climate Control Warehouse in Biloxi, Miss., sold Sept 9 for $1.3 million. The buyers were also out-of- state investors. The facility has 38,830 square feet.
Bill Barnhill and Stuart LaGroue of Omega Properties Inc. represented the sellers. Barnhill and LaGroue are the Argus Self Storage Sales Network broker affiliates for the Alabama, Mississippi and Florida Panhandle markets.
Based in Denver, Argus was formed in 1994 to assist self-storage owners and investors with their facility sales and purchases. The network has 36 broker affiliates covering nearly 40 markets nationwide.